# RAICLABS

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/raiclabs

- Industry: Software
- Headquarters: Delafield, US
- Website: www.synthetaic.com
- Total disclosed funding: $32M
- Latest round: Series B (Jan 24, 2024)
- Investors on record: 7

## About

Founded in 2019 and based in Wisconsin, US, RAIC Labs, formerly known as Synthetaic, LLC operates as a provider of end-to-end AI pipeline that automates various stages of AI model development, including data ingestion, model training, and inference. In January 2024, the firm raised USD 15 million in Series B funding co-led by returning investors Lupa Systems and TitletownTech, with participation from another returning investor Booz Allen Hamilton, and investor IBM Ventures. The company was founded by Corey Jaskolski. 

RAIC Labs offers an AI platform that automates the analysis of unstructured data, such as security camera footage and geospatial imagery. This platform enables users to build, train, and deploy AI models quickly without requiring manually labeled data. RAIC's solution integrates into existing workflows and provides cloud-hosted APIs for flexible deployment.

The company plans to use the January 2024 funding to expand its product offerings and market reach.

## Funding rounds

- Series B, Jan 24, 2024, $16M — IBM Ventures, TitletownTech Ventures, Lupa Systems, Booz Allen Ventures
- Series A, Feb 28, 2022, $13M — Booz Allen Hamilton Inc., Betaworks Ventures Management, Esri Global Inc., TitletownTech Ventures, Lupa Systems
- Seed, Oct 20, 2020, $3.5M — Betaworks Ventures Management, TitletownTech Ventures, Lupa Systems

## Investors

- Betaworks Ventures Management (https://capitalatlas.ai/funds/betaworks-ventures-management) — Seed, Series A
- TitletownTech Ventures (https://capitalatlas.ai/funds/titletowntech-ventures) — Seed, Series A, Series B
- Lupa Systems (https://capitalatlas.ai/funds/lupa-systems) — Seed, Series A, Series B
- Booz Allen Hamilton Inc. — Series A
- Esri Global Inc. — Series A
- IBM Ventures (https://capitalatlas.ai/funds/ibm-ventures) — Series B
- Booz Allen Ventures (https://capitalatlas.ai/funds/booz-allen-ventures) — Series B